SEB Asset Management AB Makes New $8.77 Million Investment in Carrier Global Corporation $CARR

SEB Asset Management AB bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 1st quarter, Holdings Channel reports. The firm bought 155,704 shares of the company’s stock, valued at approximately $8,768,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. YANKCOM Partnership lifted its position in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $25,000. True Wealth Design LLC increased its position in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $33,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $39,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Carrier Global stock opened at $66.68 on Wednesday. The company has a market cap of $55.38 billion, a PE ratio of 43.87, a PEG ratio of 2.68 and a beta of 1.31. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company’s 50-day moving average is $68.32 and its two-hundred day moving average is $62.90.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CARR shares. Argus increased their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. BNP Paribas Exane began coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Morgan Stanley upped their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Mizuho increased their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.